The Fed doesn't need to worry about the hot housing market right now, Jim Cramer says

CNBC2021-06-24

The Federal Reserve doesn't need to try to cool down the hot U.S. housing market with higher rates, even as home prices keep rising, CNBC's Jim Cramer said Wednesday. "I don't want to repeat the ...

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Comments

sjcy
2021-06-24
sjcy
The problem when u spread too much fud is that nobody knows when to believe u anymore so they just simply don't.
- skyel:
  Agree
Kaixiang
2021-06-24
Kaixiang
Too much liquidity in the market
- ChowCCJ:
  Does have a positive impact on assets isn’t it?
1Man2Stonks
2021-06-24
1Man2Stonks
Omg fed
Claireeeee
2021-06-24
Claireeeee
Yes

Leave a comment

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The Fed then stepped in to cool down the market by jacking up the federal funds rate more than a dozen times.\nBut Cramer pointed out that lending standards are more stringent now, and low mortgage rates coupled with pandemic lockdowns spurred a frenzy in homebuying. Millennials have emerged as the largest cohort of buyers on the market after years of delaying homeownership for various reasons — including the impact of the 2008 financial crisis — he added.\nCramer also noted that the real estate market — known for being cyclical in nature — has turned into a secular growth story amid low borrowing rates, sparse inventory and pent-up demand from millennial buyers.\n\"The Fed can try to slam the brakes on the economy by raising interest rates, but millennials have been stuck living in their parents' basements for years,\" he said. \"After a decade getting over the financial crisis, they've finally got the capital to buy their own homes.\"\nThe median selling price of a home in the U.S. for the first time rose above $350,000 in May, up almost 25% from a year ago, according to the National Association of Realtors.\nEconomists have associated the surging costs to purchase a home with the low supply of existing homes on the market. Meanwhile, homebuilders like Toll Brothers think it will take years before supply meets demand.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":121758248,"gmtCreate":1624493463084,"gmtModify":1703838159714,"author":{"id":"3574851563436207","authorId":"3574851563436207","name":"sjcy","avatar":"https://static.tigerbbs.com/487e7915540a102784b62ddbbb7208f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574851563436207","idStr":"3574851563436207"},"htmlText":"The problem when u spread too much fud is that nobody knows when to believe u anymore so they just simply don't.","listText":"The problem when u spread too much fud is that nobody knows when to believe u anymore so they just simply don't.","text":"The problem when u spread too much fud is that nobody knows when to believe u anymore so they just simply don't.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/121758248","repostId":1167125957,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4985151,"gmtCreate":1624495164993,"gmtModify":1663229865743,"authorId":3581505866102985,"author":{"id":3581505866102985,"idStr":"3581505866102985","authorId":3581505866102985,"name":"skyel","avatar":"https://static.tigerbbs.com/a4e416c9b1fabad56fbe0e086388d5b0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":121758248,"type":1,"supId":0,"prevId":0,"content":"<u>Agree</u>","text":"<u>Agree</u>","html":"<u>Agree</u>"}],"langContent":"EN"},{"id":121764586,"gmtCreate":1624492998745,"gmtModify":1703838138489,"author":{"id":"3568714328624189","authorId":"3568714328624189","name":"Kaixiang","avatar":"https://community-static.tradeup.com/news/09c30e8aaa30040558236e89e69bced9","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3568714328624189","idStr":"3568714328624189"},"htmlText":"Too much liquidity in the market","listText":"Too much liquidity in the market","text":"Too much liquidity in the market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/121764586","repostId":1167125957,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4984264,"gmtCreate":1624493044244,"gmtModify":1631890543659,"authorId":3575375342391732,"author":{"id":3575375342391732,"idStr":"3575375342391732","authorId":3575375342391732,"name":"ChowCCJ","avatar":"https://static.tigerbbs.com/bc5fafdf3c6b7c87a4217f2f73a89adb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":121764586,"type":1,"supId":0,"prevId":0,"content":"Does have a positive impact on assets isn’t it? ","text":"Does have a positive impact on assets isn’t it? ","html":"Does have a positive impact on assets isn’t it? "}],"langContent":"EN"},{"id":121796240,"gmtCreate":1624491801780,"gmtModify":1703838077297,"author":{"id":"3576990637797737","authorId":"3576990637797737","name":"1Man2Stonks","avatar":"https://static.tigerbbs.com/2c93182b4ac6670e37860fa9cbdfd2d4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3576990637797737","idStr":"3576990637797737"},"htmlText":"Omg fed","listText":"Omg fed","text":"Omg fed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121796240","repostId":1167125957,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":121706702,"gmtCreate":1624491518006,"gmtModify":1703838063379,"author":{"id":"3585969981658298","authorId":"3585969981658298","name":"Claireeeee","avatar":"https://static.tigerbbs.com/8210c79a75f0858c29063909c70e422d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3585969981658298","idStr":"3585969981658298"},"htmlText":"Yes&nbsp;","listText":"Yes&nbsp;","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121706702","repostId":1167125957,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":64,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1167125957"}